Tag: Crypto

Following Morgan Stanley’s recent advice to clients to allocate 2-4% of their investment portfolios to crypto, another Wall Street banking institution is pivoting to the crypto industry. Citigroup has announced plans to launch digital asset custody services by 2026. JP Morgan and US Bank have already begun offering crypto...

Konstantin Galich, a prominent Ukrainian crypto trader, has been found dead inside a Lamborghini Urus just days after a historic crypto market crash, with officials now treating the incident as a possible suicide, according to local police. Galich, better known as Kostya Kudo, was found in his $200,000 supercar,...

According to most news reports, today, the crypto markets are still reeling after last week’s violent downturn. Bitcoin price fell nearly 15%, touching lows near $105,000 in seconds, rattling the market in a bad way. The timing couldn’t have been more unsettling as reports soon emerged of a crypto...

Led by Elon Musk, Tesla famously purchased $1.5 billion worth of bitcoin (BTC) in early 2021 and announced plans to accept BTC as payment for its products. Within months though, Musk — proclaiming himself worried about the massive amounts of energy required to secure the bitcoin network — said...

Wall Street broker Bernstein said Circle (CRCL) could take a revenue hit if U.S. rates fall sharply, but strong stablecoin demand and operating leverage may help soften the blow. Every 25 basis point drop in rates would trim 2027 revenue by about 9% and EBITDA by 11%, with rates...

S&P Global Ratings is bringing its stablecoin stability assessments directly to blockchains through a partnership with decentralized oracle network Chainlink. The integration allows decentralized finance protocols, smart contracts and financial platforms to access S&P’s risk evaluations of stablecoins in real time., according to a press release shared with CoinDesk....

A wave of leveraged long liquidations has exposed bitcoin’s (BTC) equity sensitivity, according to Wall Street bank Citigroup. The bank said worsening U.S.-China trade tensions triggered a sharp futures selloff on Friday that spilled into crypto, underscoring its volatility and correlation with equities. Both crypto and stock markets have...

The UK’s FCA has outlined a roadmap to help asset managers adopt blockchain and tokenization, aiming to boost efficiency and competition....

Metaplanet Inc. (OTCQX:MTPLF) shares fell to $3.45 on Tuesday, extending a months-long slide that has erased 70% of the company’s value and pushed its market capitalization below the worth of its Bitcoin reserves. Market Discounts Metaplanet’s Bitcoin Holdings The Tokyo-based company, once hailed as Japan’s equivalent to Strategy Inc....

On-chain stablecoin ratings could enhance transparency and trust in DeFi, potentially accelerating institutional adoption and market growth. The post S&P Global partners with Chainlink to bring stablecoin ratings on-chain appeared first on Crypto Briefing....